Closing Bell Overtime: Trump Tours Fed with Powell; CSX CEO On M&A Rumors 7/24/25

Closing Bell

CNBC

Business, News

4.8 • 118 Ratings

🗓️ 24 July 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump toured the Fed’s renovation alongside Chair Jerome Powell before taking questions from reporters. We break down all the angles with our Steve Liesman and Eamon Javers, as well as former Federal Reserve Vice Chairman Roger Ferguson on what it means. Plus, the market breakdown from Vital Knowledge’s Adam Crisfulli and Citi’s Scott Chronert. Intel earnings reaction with Bernstein’s Stacy Rasgon. CSX CEO Joe Hinrichs on earnings and consolidation rumors in the industry.

Transcript

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0:00.0	Well, that's the end of regulation.
0:02.0	The Autism Science Foundation in Wall Street rides for the ringing the closing bell at the New York Stock Exchange,
0:09.0	mega fortune doing the honors at the NASDAQ.
0:11.0	And we've got another record close on Wall Street, both for the S&P 500 and the NASDAQ.
0:16.0	The Dow, however, snapping a two-day win streak.
0:19.0	Earnings fallout for three stocks that released results right here on overtime yesterday.
0:22.9	IBM is the biggest drag on the Dow after reporting disappointing software sales.
0:26.7	Tesla sinking after missing on both the top and bottom lines due to a 16% decline in automotive revenue.
0:32.6	And Chipotle, one of the biggest losers in the S&P 500 on declining same store sales.
0:37.7	Airline stocks also under a lot of pressure grounded.
0:42.2	After American slashed its full your profit forecast on weak demand in Southwest missed earnings estimates.
0:48.6	Plus, health care being dragged down by United Health after the insurance giant announced it is, quote,
0:53.4	complying with formal criminal and civil and civil requests related to the Justice Department's
0:59.9	probe of its Medicare billing practices. Well, that's the scorecard on Wall Street.
1:04.7	Welcome to closing bell overtime. I'm Morgan Brennan, along with John Ford.
1:08.1	And chip stocks now set to take center stage with Intel reports earnings just moments from
1:13.1	now.
1:14.1	We're going to have instant reaction from a top semiconductor analyst.
1:16.6	Plus, we get the outlook for the Hollywood box office when we speak exclusively with the CEO
1:20.6	of IMAX.
1:21.6	His company just beat earnings estimates and could be set for a blockbuster weekend with the release
1:26.6	of the latest Marvel superhero movie.
	...

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